Member Info for bonum

....pick up some 'more'

Always works very well for me, as I maintain a position fir a Positive outcome whilst limiting exposure if erring on the side of caution is needed.

Upside v Downside is pretty much many Multiples of the current price v zero, so each to their own strategy and consistent with their own risk profiling.

That £168K trade was massive for any sort of 'shenanigans' being implied, so if someone is 'in the know', it certainly is some show of Confidence on their part - I think only outright recklessness would see that sort of single BUY be comitted to at this stage (along with the 33M trade earlier).

I'm comfortable enough maintaining my own position as can accept any outcome on my stake - whether positive or not.

Again, only an official RNS will provide real clarity but may indeed pick up some having observed the 'comittment' of the unkown party, albeit within the possible outcomes refered to previously.

Atb & have a serene Sunday

The strategy they're 'actually' following is one of JV partnerships & licenses, especially in mining & resources. It would be great to do everything yourself but more practical for their current situation to effectively 'outsource' all the technological necessities & capex requirements.

Recall seeing a dicumentary a couple of years ago where sone of the big mining operators were operating within a profit share agreement with Mongolia. Some of those interviwed were expressing sentiments along the lines that the country 'should' be going it alone to capitalise more fully on their resources but the practicalities of such are divergent from the reality of the actual situation.

Atb & have a good evening all

I certainly wouldn't be at all surprised if those closer to actual developments in Nigeria, would use such knowledge to benefit directly from a very significant re-rate of the company - obviously, any sort of insider trading is highly illegal but a £168K trade is more than just a 'large buy'.......makes you think what 'may' be happening as regards background developments....

As always ONLY an official RNS will give us clarity on actual developments, notwithstanding any profiteering machinations that may be going on and associated with such.

Atb & have a good day all

Very easy to speak in hindsight but the sentiments will no doubt have crossed more than a few minds in the local Govt / legislature - additional Revenues from (potential) oil production, would help boost the country's infrastructure, providing better housing & medical facilities for the populace.

Obviously, scant comfort for those suffereing loss atm and the country in general. However, the Bahamas woukd greatly benefit going forward with a Sovereign wealth fund that any revenues from such oil production would fund.

Again, that wont be lost (hooefully) on those in power who need to think forward and for the greater benefit of the country's population.

Atb all & have a thankful weekend.

PetroChina will likely make a bid for MATAD on any sign of commercial oil, hence any valuations will be pushed to a premium, imho.

Obviously, we have to find the oul first but excellent chance of doing so on the multiple drill program.

The profit taking on Friday will no doubt see resurgent comitted Buying on Monday, as was the case last week - exciting times for shareholders and the company.

Let's hope some mortgages are paid off next week!

Atb & have a good weekend all

£168K is a massive chunk of money to put up, trying to get a quick profit off a 'spike', Lol

It should be interesting here, as I think many 'understandably' have exited the stock after the last Placing and may want to re-enter positions on Monday.

Let's see how all goes over the next few trading days and whether we do indeed get clarity from Mr Millholland.......beyond his 'usual' mode of communication.

Atb all & have a stress free weekend!

Was that immediately after that £160K trade was posted? - I noted the move shortly after it had occuree, not monitoring the share closely and also noted the significant trade at around the same time.

Let's wait and see if any 'official' RNS is forthcoming from the company at some point next week - that's the only way we'll have unequivocal clarity on this!

In the meantime, enjoy the weekend all.

514 Million shares listed as being traded on the London Stock Exchange website.

Volume514,258,689 Last close0.09 on 06-Sep-

The country's economy, although heavily reliant on tourism, certainly needs the boost that a succesful oil find would provide and as previous discussions on the GDP figures and Sovereign Wealth Fund explored. The Govt. were actually looking into the Norwegian model as a guideline for setting up such a structure. The devastation by the Hurricane (and likelihood of future such events), would quite possibly see a prioritisation of such contingency measures as opposed to being any sort of impediment.

Atb & have a good weekend all.

Lots of talk questioning the twitter leak and previous ramping efforts and quite rightly so - however, I find more compelling the £168K Buy (at a premium price).....and the 33M trade the previous day.

Those sorts of trades aren't made on a whim or spurious BB tqitter chat!

However, given that I'm currently already invested and comfortable in that knowledge, I shall await 'official' confirmation from the company on how developments are progressing.

Atb & have a blissful weekend

There was a 33 Million trade yestrday....Hmmmm!

A £168K buy here at this particular juncture, can be viewed as Sognificant, compared to the usual multiple smaller PI buys that have made up previous premature runs!

Let's see

Atb

No further opinion as yet!

Atb & have an interesting day

Hmmm....interesting!

Hmmm....interesting!

That's what I actually expect to happen and given the rational for such, as very clearly explained by others here and beyond the emotive statements thrown around.

I'm comfortably holding and very pleased to be doing so.

Atb & have a stresss free day

LOL - rather than vacuous warnings, theee have been extremely credible postings, with a solid rationale, as to why there's so most justified Optimism here.

Be 'warned' indeed.....but perhaps from those looking desperately in from the sidelines.

A 75% COS Appraisal well and multiple drills closely thereafter to mitigate any price drops in the (more) unlikely event of non commercial find - even though we're right next to an existent producing formation....really!!

Here it goes....!!